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payroll department assess income From Wikipedia, the free encyclopedia set out to: navigation, search Taxation An aspect of fiscal policy Policies[show] Economics[show] Collection[show] Noncompliance[show] Distribution[show] Types[show] International[show] Trade[show] By country[show] v t e Globe icon. The examples and perspective in this article may non represent a worldwide visible horizon of the subject. Please cleanse this article and discuss the issue on the talk page. (December 2010) Payroll task generally refers to two diametrical kinds of similar taxes. The firstly kind is a tax that employers atomic number 18 required to keep back from employees wages, also known as withholding tax, pay-as-you-earn tax (PAYE), or pay-as-you-go tax (PAYG) and often masking piece advance payment of income tax and friendly security contributions. The imprimatur kind is a tax that is paid from the employers own specie and that is directl y related to employing a worker, which can consist of a fixed charge or be proportionally think to an employees pay. The charges paid by the employer commonly cover the employers funding of the social security system. Contents 1 In the unite States 1.1 Income tax withholding 1.2 Social Security and Medicare taxes 1.3 Unemployment taxes 1.4 Reporting and payment 1.5 Penalties 2 Other nations 2.1 Australia 2.2 Bermuda 2.3 Brazil 2.4 Canada 2.5 China 2.6 Croatia 2.7 France 2.8 Germany 2.9 Greece 2.10 Hong Kong 2.11 Sweden 2.12 United ground 3 References 4 External links In the United States In the United States, payroll taxes are assessed by the national government, all fifty states, the District of Columbia, and numerous citie s. These taxes are oblige on employers and ! employees and on various compensation bases and are amass and paid to the taxing jurisdiction by the employers. Most...If you penury to take a shit a full essay, order it on our website: OrderCustomPaper.com

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